To find out if this is your situation, speak to your employer. Further information on choice and stapling is available on the ATO’s website.Ī small number of Australians who are under Enterprise Agreements are not eligible to choose their super fund. It’s important you take an interest in your super and help it grow into a healthy retirement nest egg.
If you later change employers, your account with Verve Super should be your stapled account, however if there’s any confusion with your new employer, you can simply email the form to your employer, reprint the form available online, or call us and we will send you a copy. We will give you this form when you set up your account. Otherwise, your employer will create an account for you with their default fund.įor your employer to start paying the SG into your account, simply provide the Choice of Super Fund form to your employer. If you have never had a super account before you can choose one and provide your employer with the fund’s details in writing, this is called “exercising choice”. Your employer will obtain information about your existing super fund from the ATO. This means that when you start a new job, your employer will pay SG contributions to the same fund you had at your last job, unless you take action to make a change. To stop the creation of multiple super accounts, the Government has introduced a system whereby your existing super fund is ‘stapled’ to you when you change jobs. If you haven’t exercised Choice of Fund in the past, it’s possible that you might have had a new super account created for you each time you’ve joined a new employer, even if you already had an existing super account. Most people can choose the super fund for these contributions it’s called having a “Choice of Fund”. Generally, your employer must make regular compulsory contributions to your superannuation fund, known as Superannuation Guarantee (SG) contributions. You can find out more information about eligibility for super here. It is possible to have multiple super fund accounts, so it is important to tell your employer about your Verve Super account if you want that employer’s contributions to be paid into your Verve account. Connect with expert industrial suppliers & buy with confidence. These payments will typically be shown on your payslip. Get a Pallet Wrapping Machine PKG Smartwrap price and specifications from Australian. Employers are required to pay your superannuation at least once a quarter, although they may transfer your contributions more frequently. These terms apply on top of the superannuation guarantee. Some awards, enterprise agreements and other registered employment agreements have extra terms about superannuation. Contractors – must be paid mainly for their labour. Special eligibility rules exist for:Employees aged under 18 – must work for their employer more than 30 hours per week ĭomestic or private workers (i.e., nanny, housekeeper, carer) engaged personally and not as part of a business – must be engaged for more than 30 hours per week Receiving a super pension or annuity while working. A family member working in your business and/or A temporary resident, such as a backpacker or working holiday maker To be an eligible employee, you must be aged 18 or more, and can be: The SG contribution rate is legislated to gradually increase to 12% over time. Ordinary time earnings are generally what you earn for ordinary hours of work, including over-award payments, commissions, allowances, bonuses and paid leave. SG contributions are presently 10.5% of an eligible employee’s Ordinary Time Earnings (subject to a maximum dollar limit).
String Wrapping let exampleText2 = "break at word" console.Most Australian employers are required by Government legislation to make superannuation contributions for their employees – called Superannuation Guarantee (SG) contributions. Node module: Wide Character Wrapping var Smartwrap = require( 'smartwrap') Example Usages: Terminal: npm i -g smartwrapĮcho somestring you want to wrap | smartwrap -width=3 -paddingLeft=1 I needed a javascript package to correctly wrap wide characters - which have a "length" property value of 1 but occupy 2 or more spaces in the terminal. Optionally break words when wrapping strings. Correctly handles wide characters (宽字符) and emojis (?).